Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today. 

It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.

 

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Stocks highlighted in blue have made market-moving announcements (click headings to sort).

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Metal Hawk (ASX:MHK) reported wide zones of clay hosted REEs grading up to 4120ppm at the sizeable ‘Fraser South’ project near Esperance in WA.

The shallow, 35-hole maiden drill program included three holes with grades above 2000ppm, and nine holes with grades above 1000ppm.

It is a big target as well. The holes were punched in a single line, spaced 400m apart to test a 15km long zone.

MHK will now test select samples to see if REEs can be leached from the clays. If the results are good, more drilling could follow.

 

Sweden-focused Ragnar Metals (ASX:RAG) snapped up four lithium and REE projects and unloaded the ‘Tullsta’ nickel assets to mining major BHP for $9.8m.

The lightly explored ‘Halleberget’ and ‘Bergom’ hard rock lithium projects include low grade, but promising, surface sampling results like up to 0.473% Li2O, 196 ppm Ta and 4.48% Sn.

The ‘Olserum’ and ‘Gruvhagen’ REE projects come with historical exploration results of up to 3.7% TREO, including very high heavy REE and Nd/Pr ratios.

Meanwhile, the company will sell its more advanced Tullsta project, also in Sweden, to mining behemoth BHP for a tidy $9.8m.

RAG will retain a 1% smelter royalty, which BHP can buy for another $10m.

 

Cassius Mining (ASX:CMD) says 80% of drill assays from the ‘Soalara’ limestone project in Madagascar have returned an average grade of 97.44% calcium carbonate, classifying it as “high purity” limestone.

High (97-98.5%) to very high purity (+98.5%) limestone sequences remain open at 100m depth in all 9 holes, the company says.

A resource is due in July.

 

American West Metals (ASX:AW1) has raised $3,087,500 via a placement at $0.095 per share to expand drilling at its Storm Copper Project in Canada.

“It is very pleasing to be able to expand the 2023 drill program so that we can aggressively test the new geophysical targets and to provide further opportunity to significantly increase the known copper endowment at Storm,” MD, Dave O’Neill said.

 

And ECS Botanics (ASX:ECS) has secured two binding offtake agreements worth at least $11.9m to supply medicinal cannabis dried flower over a three year term.

First supply under both agreements – which will occur next quarter (Q1 FY24) – come after recent agreements worth $9.9m to supply products in the German market.

 

At Stockhead we tell it like it is. While America West Metals is a Stockhead advertiser, it did not sponsor this article.

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